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The government is considering dealers based on their MSME status because it will enable them to take advantage of the benefits given to micro, small, and medium-sized enterprises, Union Minister Nitin Gadkari said on Tuesday, August 18, 2020.

Micro-sized businesses that are registered are eligible for tariff, royalty, and capital subsidies. Registration also makes it easier for them to obtain government tenders and low-interest loans.

  • In terms of MSME, we're considering giving MSME status to dealers as well, and they'll profit from it, Gadkari said.

  • The minister also urged MSME-registered businesses to pay all unpaid debts to SME's on time.

 The Finance Ministry said that if we can provide more help to industries that want to set up technology centres, training centres, and research centres from an income tax standpoint, that we can encourage and empower them to do more research and innovation, Gadkari said.

Dealer Benefits of MSME Registration:

There are several advantages.

  • Registration, permits, and approvals are all available at this location.

  • Waiver of stamp duty and registration fees

  • Subsidy for patent registration

  • Free bank loans with a 100 percent guarantee

  • Subsidy for barcode registration

  • Exemption is governed by direct tax laws.

  • Subsidy on Bank Loan Interest Rates

  • Bank loans have no collateral

  • Subsidy for patent registration

To take advantage of government benefits, you must apply for an MSME/Udyam registration certificate.

Register for MSME Now!

Some websites have a complicated and difficult registration process that is not user-friendly and frustrating for new business owners and first-time users. We are private consultants who assist startups, entrepreneurs, and businessmen with various government registration procedures.

If you have any queries then just fill the complaint form udyam registration in which our expert will contact you soon.

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